The UK buyout market has seen deal flow drop 40% in the fourth quarter, according to recent data.
The package reportedly includes subsidies of up to CNY 5m for private equity firms and will be launched before the end of the year.
The private equity unit of Middle East bank Emirates NBD is targeting $500m for its MENASA-focused fund.
An increase in US deal flow is dependent on the credit markets even as private equity firms are bullish on valuations, according to Ernst & Young.
The Switzerland-based firm was targeting $1bn for its second Asia-focused ‘programme’, a series of vehicles which will invest in primary funds and secondary transactions and also partner on direct investments.
LPs who do not want to reduce their commitment to Permira IV have been invited to put more money in, with the incentive of no management fees on any extra commitments.
The Benelux investor has held the first close for its XL Fund, having matched €250m from the Flemish government with its own money.
Former investment banking vice president Keith Koeneman has set up a solo private equity firm that is actively looking at several investments for which the firm will raise capital on a deal-by-deal basis.
Global infrastructure specialist Macquarie and the Abu Dhabi Commercial Bank have already raised more than half the fund.
Despite a number of stellar performances from the likes of Altor and HitecVision, Nordic fundraising for the first half of 2008 was down more than 50% year-on-year, while investments dropped by around a third.